SVN Bluestone. Tenants are struggling to pay their rent, and the government. Visit and follow us on LinkedIn and Facebook!SVN Economic Outlook: April 28, 2023 Q1 2023 GDP (1) The US economy grew at an annualized rate of 1. 1%, its highest mark since July of last year. ABOUT COMMERCIAL AGENCY SVN - Bluestone (Beaverton, OR) We are local real estate brokers with expertise in industrial, retail, office and hospitality properties, and successfully represent both property owners and tenants. View Article. , Suite 300 Portland, OR 97219 503. A drop in lumber prices has invigorated demand for commercial building projects, especially for the multifamily product, Sherwood Lumber chief operating officer Kyle Little told CNBC last week. Delivered Units 12 Mo. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: November 18, 2022. However, this space was too large to meet the needs of the tenant and the monthly rent was more than what was budgeted. Values go up and down. President of Bluestone and Hockley Real Estate Services Executive Director, SVN |. 9% 4. . New Logo to Ring in the New Year. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley A review of the issues facing us in 2021. One of the most visible and devastating impacts of the state’s stay-at-home order to protect us from the human health crisis presented by COVID-19 has been mass layoffs. These include banking and lending risks, insurance costs, and. It is the final article detailing many of the Oregon laws that were passed in the 2019 legislature. Bluestone & Hockley Collections Report. . 9%, and food up 10 basis points to 5. It employs 6-10 people and has $0M-$1M of revenue. We recently had an environmental engineer call out the registration issue. 9% 12 Mo. cook@svn. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. . SVN Economic Update: February 10, 2023 January Jobs Report. as well as real estate brokers that are part of our sister company SVN |. John Brandhorst, Senior Advisor, Sperry Van Ness/Bluestone & Hockley. hockley@svn. Portland's biggest construction projects right now. org & NAHB The high cost of building is one of the main reasons builders say they are not keeping up with demand for affordable new housing. There are 60 or so developments under construction valued at $10 million or more. Brian Pelky has been a licensed Washington since 1996, and a CCIM (Certified Commercial Investment Broker) since 2008. Unemployment, durable goods, home sales, retail sales, manufacturers’ shipments, construction spending — that sort of thing. The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues and our communities. Here is yet another Economic Update from the SVN Research department! CPI Inflation (1) The Consumer Price Index rose 3. This is the main concept I want to deliver in this article. The client had initially purchased the property in anticipation that a casino would be built. ” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. Manager, Community Property at Bluestone & Hockley Real Estate Services. Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Suite 300, Portland, Oregon will conduct a class taught by Attorney, Leah Sykes. Self-driving cars may seem like something out of a sci-fi movie – but the future of autonomous driving is closer than we think. Net operating income (NOI) is the driver of value in real estate investing. By Clifford Hockley, CPM, CCIM SVN Bluestone, Principal Broker Henry Ford, the father of Ford Motors, had a relentless focus. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley Remember when you learned how to ride a bike. Executive Director, SVN | Bluestone and Hockley A reflection on being a landlord in the Portland Metro area during the pandemic. Three. Executive Director, SVN | Bluestone and Hockley. In this article we summarize tax law changes that impact Commercial Real Estate investors as well as businesses. 1% month-over-month, according to the latest numbers from. – SVN | Bluestone & Hockley, one of the nation’s premier net lease brokerage firms, has completed the sale of a 99,215. Stacy Looney Stacy is a licensed Oregon Principal Broker with over 21 years of in-depth sales, leasing, and management experience. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker & Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Many real estate investors are transitioning from Multifamily investments to commercial and NNN. He specializes in the sale of hospitality properties and land for development in the Pacific Northwest, USA. 3%. Centers for Disease Control and Prevention; US Chamber; Source: SVN Corporate Read more news from SVN | Bluestone & Hockley. 462 likes. 5% . . For decades, universities were known for their dearth of retail beyond a college bookstore. Delivered Units 12 Mo. Home; About; Services; Specialties; Properties;Bluestone utilizes its years of expertise in the market to achieve above market returns for our clients. Work/ Life Balance that is absent the excessive. While it is certainly important for clients to make a plan for their eventual death, if that is all they plan for, their planning will be woefully inadequate. 47 extended the length of prior notice a landlord must give for no-cause evictions. With the re-election of Mayor Ted Wheeler and Mingus Maps and Dan Ryan as City Commissioners, the city of Portland has turned a corner towards moderation, and it is not a moment too. 2460 Turner Rd SE Marion County 9,000 Q4 20 - - SVN Commercial Advis… 2661 Cascadia Industrial St SE Marion County 7,764 Q1 21 - - Pacific NW Properties 395 Market St NE Marion County 7,600 Q2 21 - - Mosar Commercial Pro… 1085 13th St SE Marion County 3,200 Q3 20 - - SVN Commercial Advis… Laine Square Marion County 3,180 Q3 20 - - Doug Bean & Associat… 318-320 Lancaster Dr NE Marion County 2,700 Q1 21 - - Hancock Real Estate Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. That is a piece of conventional wisdom that appears to transcend cultures. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott | Edwards Architecture for a review of the SE Quadrant Plan adopted by Portland city planners in July of 2015. Median home-price expectations for one year ahead climbed 30 basis points to 3. 2021 Portland Tax Changes. Major. 3800. News & Information CAM Reconciliations: What Commercial Landlords Need to Know By Jamie Gingell, Director of Commercial Property Management Bluestone and Hockley. ” But underneath, they are nervous. VANCOUVER AVAILABILITY. Visit and follow us on LinkedIn and Facebook!What to expect in 2021 as the economy recovers. The COVID-19 impact on the hospitality industry is worse than 9/11 and the crash of 2008 combined. Absorption Units Vacancy Rate 12 Mo. SVN Economic Update: January 13, 2023. Suite 300 Beaverton, OR 97005 Blog LinkedIn Facebook By: Cliff Hockley, CPM, CCIM, Principal Broker and Senior Advisor SVN Bluestone & Hockley and Bluestone & Hockley Real Estate Services Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. We are a leader in the Portland/SW Washington commercial real estate market, with Advisors having more than a century of combined experience. Portland Metro. The tenant, Make Life Work DBA Vida Coworking, will occupy over 12,000 SF in this highly visible and well-trafficked location!SVN Economic Update: March 2022. That’s caused home prices and rents in further-out areas to skyrocket, while price and rents have dropped in the urban cores of major cities like New York and San Francisco. Visit and follow us on LinkedIn and Facebook! CAM stands for “Common Area Maintenance,” and is used both as a general term for tenant pass-through charges, and is one of the three “nets” that comprise the “triple nets” (or NNN) of property operating expenses. Despite a strong consumer economy, physical retailers closed more than 9,000 stores in 2019 – more. Five for Friday turns the spotlight on John Brandhorst, a senior advisor at Sperry Van Ness/Bluestone & Hockley in Portland, OR. Jaime was 35 years old when she received a text from her mother that she was needed at home in Florida. SVN Economic Update: August 11, 2023. Appraisals and Covid-19 Presentation- June 2020. 1% during the first quarter of this year, slowing significantly from the Q4 2022 annualized rate of 2. Home; About; Services; Specialties; Properties; Advisors;Bluestone and Hockley Real Estate Services SVN | Bluestone and Hockley. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. 3% in comparison to the same time last year, according to a new April report from Apartment List. I have been licensed to sell real estate. According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of the final sale price of a new home. Executive Director, SVN | Bluestone and Hockley. Real estate investors need to improve their due diligence when they purchase properties and be attuned to the local environmental and climate conditions as they make the decision to purchase a property. Park Regency is a well-kept property being sold to resolve a trust. At 70%, Renewals Dominate Office Leasing. We have exciting news to share! After our extensive search process, we are thrilled to announce the appointment of our. If you calmly, wisely make the best of this difficult time, you. Karlin is a managing Principal Broker in Oregon and Washington. Overview Portland Industrial 2. As millennials age towards having children, while the generation continues to delay home buying, family-friendly rental units will become more important in the future, according to a new study on family renter housing by the Urban Land Institute, Terwilliger Center for Housing and RCLCO. NMHC Quarterly Survey of Apartment Conditions As of the NMHC’s April 2023 survey, apartment investors across the US continue to report a challenging financing environment, with the availability of both debt and equity continuing to shrink. Albeen, CCIM, EVP What’s going on, in general, in the area of office properties as a result of Covid-19? From an operational perspective, many office buildings are in states of partial or total shut-down due to a combination of government action forcing the issue and. Many commercial real estate investors are experiencing significantly reduced income from their properties. We are more than just brokers, we are. SVN Advisors also represent clients in auction services, corporate real estate,Training the Next Generation of Real Estate Investors- Your Kids. The SVN Brand is comprised of over 1,600 Advisors and staff in more. This recession is fundamentally different than the Great Financial Crisis in 2008, and as a result, the opportunities to benefit from the market dislocation will also be much different. We strive. Wealth may pay, but it may not stay. When KKR & Co. Here in Oregon nearly 270,000 initial claims were received in those first three weeks. 2% 7. Investing in real estate is a funny thing. It has been a rough decade for brick-and-mortar retailers, and matters seem only to be getting worse. With over 200 locations serving 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. It is your responsibility to independently confirm accuracy and completeness. View Article. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Jan 2016 - Present7 years 8 months. SVN | Bluestone & Hockley 4915 SW Griffith Dr. The 7-day moving average of daily COVID-19 cases in the US ticked down to 67,175 on April 19th, a modest decrease that comes after two weeks of near-daily increases. Lest anyone be confused, COVID 19 is driving our current regional and national economy. The event was a tremendous success. Two years after the start of the COVID-19 pandemic and after multiple setbacks for planned returns to the office, tech companies remain the single largest driver of. Portland was also busy with the passage of the Fair Access in Renting (FAIR) ordinances which will dramatically alter application. Visit and follow us on LinkedIn and Facebook!The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. 9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. This past year for residential landlords has been a whirlwind of changes and new laws. To date, millennials and baby. S. The shuttering of retailers for an undisclosed period. Visit and follow us on LinkedIn and Facebook!SVN Economic Update: January 27, 2023 GDP. The client wanted to buy a property in a market as the CAP rates were adjusting downwards. We are a leader in the. While the property is in a good location with great amenities and. Bluestone and Hockley Real Estate Services has been an Accredited Management Organization (AMO) since April of. In the first half of 2023, with ever-increasing interest rates, the sales market has ground to a halt. 13% as of January 8th, 2021— the highest level since March 18th, 2020. Bluestone & Hockley, President SVN Bluestone & Hockley, Executive Director 503. 2% May Rent Collected so far; 91. Fuel Svn Belmont, Victoria, British Columbia. 5 billion price, in part, because of the supposedly valuable properties that came with the deal. Property Size 60,115 SF. There’s land, there’s labor and then there are governmental regulations. SVN | Bluestone & Hockley is an independently owned and operated SVN® office. Eviction Doomsday Isn’t Coming. Leasing Portland Industrial While leasing activity has slowed as firms adjust expectations and needs in response to COVID-19, the industrial sector is holding up better than otherRead more news at SVN Bluestone. . 2% 7. Stay Connected. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Suite 300, Portland, Oregon will conduct a. . The ordinance reads a landlord is liable to an applicant/tenant if they fail to comply with any requirement. The Waldport, Oregon hospitality property was a non-operational REO property. Stay Connected. By working with the seller to get the city code violation signed off, they negotiated with the city to reduce their lien. This may be lower than the real number due to the challenges many newly unemployed. Visit and follow us on LinkedIn and Facebook! Sign Up. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. They should be considered by every real estate investor on every transaction. According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. 3M 229K 4. That is a piece of conventional wisdom that appears to transcend cultures. View Article. – but is the world ready to hand over the safety of travel to computers? According to a. Delivered Units 12 Mo. More time for you. Larger REIT’s. As Covid-19 continues to spread and impact every aspect of American’s lives, nothing is more important than our health and safety of that of our loved ones. Get more news at SVN Bluestone and Hockley. SVN Bluestone, Beaverton, Oregon. 1409 Franklin Street, Suite 203. Brian is a Partner Circle Award winner who specializes in the hospitality, and land and development areas. Economic output has slowed from Q3 2022, when real GDP grew at. . 51-100. Vancouver WA 98660. SVN | Bluestone & Hockley 9320 SW Barbur Blvd. As I am sure you have heard, the national unemployment numbers are dismal, with current rates (April 2020) estimated around 15%. com. There’s land, there’s labor and then there are governmental regulations. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. On February 18, 2020, SVN Bluestone & Hockley hosted a class on the new ordinances, and their impact, to over 70 clients and colleagues! The class was presented by Russell White, Director of Residential Property Management at Bluestone & Hockley who not only has two decades of residential property management experience but has also been on. 459. . Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. During. Foxstar Apartments is a 20 units complex situated in East Portland. CPI Inflation The Consumer Price Index (CPI) rose 6. SVN Economic Update: January 13, 2023. Millions of consumers in pandemic-related financial straits have also faced housing instability due to the difficulty in paying rents. ong before the pandemic, multifamily developers throughout US cities were faced with a challenging environment; characterized by a scarcity of vacant land and compounded by restrictions on density and high construction costs. As the pandemic rages on both companies and their employees are looking to the suburbs for salvation, the theory being that the wider spaces in these city outskirts will make social distancing that much easier. Overview Vancouver Multi-Family 1,707 1,878 3. 6% month-over-month in August, its largest monthly increase. Asking Rent Growth Vancouver consistently exhibits robust fundamentals and Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Lot Size 8. Bank branches across the US continue to bleed out as the COVID-19 pandemic rolls on, and experts caution that the impact on the CRE industry could be profound this year. 75% for nonprofits. It is the final article detailing many of the Oregon laws that were. The growing open floor plan trend has taken root in offices everywhere, but what was once thought as the solution to increased collaboration, many believe is slowly destroying the workplace. Disappearing Bank Branches. SVN | Bluestone Beaverton, OR (503) 459-4387. Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Executive Director, SVN | Bluestone and Hockley. Hockley, President Bluestone and Hockley Real Estate Services, Executive Director, SVN | Bluestone and Hockley On the 15th of March 2020, in response to expected economic implosion due to the corona virus, in an unusual move for a Sunday, the Federal Reserve reduced interest rates to almost zero. . Read more news at SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. This change is built atop the shared value brand pillars — open, collaborative and transparent — that underpin our business model. Finding a property that made sense was extraordinarily difficult. What is exciting is we were able to close the sale during the pandemic! This transaction was made possible due to the close collaboration between the buyer, seller, SVN Brokers Jim Wierson and Olesya Prokhorova, Gabe Johansen with SMI Commercial and Pioneer Bank. . North Bonneville, WA. Sources: Brannon Broswell, ICSC Branch Banking 2020, JLL Research Report Big banks are closing antiquated branches at a record pace, but they are also opening smaller and more digitally focused ones to better serve their customers, according to research from JLL’s Branch Banking 2020. Building Class B. 4 Acre. There has been a shift in demand for rental housing due to demographic and other changes in our society. With over a. Real estate appraisers in Oregon, are carefully threading the needle of real estate valuation, as they assess the COVID-19 coronavirus and its impact on real estate supply and demand. The Four Phases of Recovery We Can Expect Next Year. Visit and follow us on LinkedIn and Facebook!But the COVID-19 crisis has seen a growing number of people moving to the suburbs. Karlin Conklin Managing Director Sperry Van Ness / Bluestone & Hockley (Portland, OR) Biography. The Buyer had to find a financial institution (a credit union) that was willing to place four separate loans on the portfolio so that in the future, they could trade pieces of the portfolio without the limitation of one loan lumping. When optimized, they can increase cash flows, reduce tax liability and uncover missed deductions. . Families Key in Future Rental Housing Market. Portland Metro. That did not transpire and the client now sought to liquidate the investment The property contained four abandoned, unusable mobile homes. A real estate market that is now officially on the map in the eyes of institutional and private capital. This year’s Washington state legislative regular session ended as scheduled on April 25, 2021. It was a great building and we owned it for. They should be considered by every real estate investor on every transaction. Core. Visit and follow us on LinkedIn and Facebook!SVN Bluestone, Principal Broker As we near the mid-point of 2023, the Portland apartment market has shifted dramatically from 2022 which was a record-breaking year. The program will require both business tenant and property owner participation. SVN Bluestone & Hockley chockley@bluestonehockley. For your property management needs, visit the Bluestone Real Estate Services website. Contact Brian directly. The expiration of the federal eviction moratorium over the weekend incited panicked headlines warning of an “evictions doomsday. They can be found throughout the city, but most are clustered in the downtown core. SVN Bluestone and Hockley Senior Advisor, Brian Resendez, represented the seller and the buyer in the transaction. For your property management needs, visit the Bluestone Real Estate Services website. Three Charitable Giving Solutions to Consider for Year End Strategies Your Clients Can Use Right Now It may seem too early to talk about year-end planning. What is exciting is we were able to close the sale during the pandemic! This transaction was made possible due to the close collaboration between the buyer, seller, SVN Brokers Jim Wierson and Olesya Prokhorova, Gabe Johansen with SMI Commercial and Pioneer Bank. Is your commercial real estate producing the Income it should? How will the national economy, the Fed, and Local Market trends. James Schaff, President of SVN Bluestone. After peaking at 100,000 branches in 2009, the number of bank. The company is headquartered in Beaverton, Oregon. SVN | Bluestone is a Portland commercial real estate brokerage firm specializing in the sale of commercial, multifamily and hospitality properties, and the leasing of regionally located. Asking Rent Growth Vancouver consistently exhibits robust fundamentals andBluestone Real Estate Services SVN | Bluestone. Whether a clients’ charitable giving stems from a concern for those who are less fortunate, the desire to support a. 4% month-over-month and 6. A majority. S. View Article. The team of Steve, Rick and Andrew came up with a sales strategy that included limiting the call for offers to just 3 weeks to. 8% 7. Portland will require all landlords to register their apartments by late 2020 – Oregonlive. A part of the larger Central City 2035 plan, the SE Quadrant Plan sets policies. 37. Oregon opened with a bang in February passing statewide rent control, continuing with new mobile home park rules and finishing with some more state taxes. One year ahead inflation expectations for rent ticked up 20 basis points to 9. Visit and follow us on LinkedIn and Facebook!SVN | Bluestone & Hockley 4915 SW Griffith Dr. SVN offers specialized services across a broad swath of real estate asset classes, covering both the traditional and the alternative. We value long-term client relationships, which oftentimes require working at all ends of the multifamily property spectrum. . Suite 300, Portland, Oregon will conduct a. That has attracted a lot of investors. Most Investors just look at one thing, how big the check is at the end of the month. A Tenant’s “Survival Guide” to COVID-19. View Article. The company is headquartered in Beaverton, Oregon. We were invited to a special meeting of friends. Below are additional resources for businesses as the country reopens. Devin Getreu has been working as a Commercial Property Management Assistant at Bluestone & Hockley Real Estate Services for 13 years. Here are ten key considerations to guide you generally in pursuing loan restructuring transactions with. the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. The SVN Brand is comprised of over 1,600 Advisors and staff in more than 200 offices across the. Most commercial or multifamily properties have parking lots, and most of these parking lots may have drywells. Kristin Schaff, Executive Vice President, SVN Bluestone. Read More News on SVN Bluestone & Hockley Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. He specializes in the sale of hospitality properties in the Pacific Northwest, United States by serving the needs of hotel owners. Stay Connected. Suite 300, Portland, Oregon will host Brian Mares, LEED AP, and Peter Grim, AIA, of Scott | Edwards Architecture for a review of the proposed property zoning changes coming in 2018. Beaverton, Oregon, United States. Holistic Nutrition & Vitamins Vegan Supplements 磻Fresh Smoothies Locally OwnFuel SVN Westshore. The complex is well maintained with a stable tenant base. Are rents surging because of the eviction moratorium? The answer? Not directly, but it’s likely a contributing factor. Recessions generally occur when there is a widespread drop in spending. 49 likes. Overview Vancouver Multi-Family 1,436 1,592 4. The face of campus retail is changing. 1% 12 Mo. The Consumer Price Index (CPI) rose 6. (1) What is driving us toward an economic contraction? The primary factors driving us toward an economic contraction include the. While the trend has started to re-improve, the current mark remains 4% above its recent low measured two weeks ago. An accomplished real estate broker since. SVN Economic Outlook: April 14, 2023 CPI Inflation. Fed Interest Rate Decision (1) On July 26th, The Federal Reserve raised its benchmark interest rate by 25 bps, reversing a pause in rate-hikes that occurred in June. According to the National Association of Home Builders (NAHB), regulatory costs account for almost a quarter of. The latest economic update from SVN Research! CPI Inflation (1) The Consumer Price Index (CPI) rose 3. This 18 guestroom motel is located on . Those tenants that cannot pay are either laid off, have not been called back to work, or have not received their unemployment benefits. 222. Managing Director - SVN | Bluestone Portland, OR. Net operating income (NOI) is the driver of value in real estate investing. In fact, in some areas, it has flourished. com SVN | BLUESTONE & HOCKLEY |9320 SW BARBUR BLVD. Contact SVN Bluestone Advisors Jim Wierson II or Olesya… Liked by Joseph Aiston Heard a retail investor complain about 10% rent cap for residential, and explained that is the reason they don't. Understanding the terms of your tenants’ leases and. Visit and follow us on LinkedIn and Facebook! Local Commercial Real Estate Advisors. SVN Bluestone and Hockley Advisors Cliff Hockley, Jim Wierson, and Olesya Prokhorova represented the. Loan repayment terms vary by applicant, up to a maximum of 30. Visit and follow us on LinkedIn and Facebook!Executive Director, SVN | Bluestone and Hockley. 5% year-over-year and just 0. Experienced Commercial Real Estate Brokers in Portland Oregon. SVN Economic Update: March 2022. However, The seller recently refinanced and in order to sell this property he had to pay a $150,000 prepayment. . Executive Director, SVN | Bluestone and Hockley. Portland, Oregon, United States Senior Advisor Retail & Office Leasing. They should be considered by every real estate investor on every transaction. Submarket: Total Inventory (SF) Direct Vacancy Rate % Total Availability Rate % Total Leasing (SF) Total Sales Volume (SF) Northeast: 80,183,658: 3. While the specifics may be different, the industrial sector is lighting up across the western region. In this Economic Update you'll find the latest data on affordable housing, REITs, Apartment Rentals and Apartment Investment Market Index (AIMI), Single-Family rentals, and trends within the Self-Storage, Office, Industrial, and Retail asset classes. The SVN | Bluestone & Hockley corporate office at 9320 SW Barbur Blvd. within the last decade, spreading from tech startups to. 2021 Portland Tax Changes. The investor stated he would not buy it unless Kevin could find a tenant to occupy the space. Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. Shortly after the November 3, 2020 elections, SVN | Bluestone and Hockley, Bluestone and Hockley Real Estate Services, Moss Adams (certified public accountants) and CKR Law Group (specializing in tax appeals) co-sponsored a seminar on new taxes that businesses, high net worth individuals and real estate investors will incur in 2021. The transaction closed in March. Overview Portland Multi-Family 7,390 10,627 5. Email. Absorption Units Vacancy Rate 12 Mo. Penalties The following chart show the potential of a penalty for each type of infrac-tion based on the ordinance. However, due to personal issues, a decision was made to sell the property. Portland rents have increased 0. By Cliff Hockley, President of Bluestone and Hockley Real Estate Services Executive Director, SVN | Bluestone and Hockley. The relief generally applies to all obligations that otherwise would. The Consumer Price Index (CPI) rose 0. Utilizing smart space solutions to create adaptable and flexible living spaces will serve as a necessary ingredient in preparing our cities for what the next half century. 0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. By: Clifford A. 8% 7. 00/SF/YR; Total Space Available 2,181 SF; Floor 3; Divisible Space 2,181 - 2,181 SF; Available Date Immediate; Lease Type Full Service; Renewal Option Yes; Sublease No;To better reflect the company we are today, we are undergoing a meaningful and powerful change to our brand: Sperry Van Ness® has proudly become SVN®. -The average worker spends 40% of the day at their desk. Portland, Oregon. Many real estate investors are transitioning from Multifamily investments to commercial and NNN investments. With 30-year fixed mortgage rates topping 5% recently, home buyers appear to be reevaluating their budgets and pulling back on offers. Click HERE for more news on SVN Bluestone & Hockley! Stay Connected. By: Clifford A. His focus is on the Clark County, Washington multifamily marketplace. The program targets landlords with tenant businesses with 100 or fewer employees who are behind on lease payments or any forgiven base rent amounts that have been negotiated due to COVID-19. A collaborative network of over 2,000 Advisors in 200 + SVN offices throughout the country that work together to do more deals. Read more news at SVN Bluestone! Stay Connected Signup for our email newsletter and stay connected with up-to-date market information, closings and new listings. On April 9, 2020, the IRS and Treasury Department issued Notice 2020-23, granting an automatic extension of returns and quarterly tax payments, until July 15, 2020, to comply with several federal filing and payment obligations in addition to those already extended, as well as time to perform certain time-sensitive actions. Email. Visit and follow us on LinkedIn and Facebook!The Rush to Refinance Multifamily Properties Continues. Leased! 7,965 SF at the Ross Center in Happy Valley.